Board reviews monthly finances; construction investment and vendor questions discussed
Summary
Finance staff reported Fund 1 balance of $6.6 million, overall book balance $14.7 million, construction investment $28.6 million; board questioned scope of a vendor 'Solid Ground' (consulting/engineering services) and approved the monthly financial report by voice vote.
At the Rockcastle County Board meeting, district finance staff presented the monthly fund financial report. Miss Jenny reported a Fund 1 balance of $6,600,000 and an overall book balance of $14,700,000; she said the district's construction investment balance was $28,600,000 and that monthly revenues and expenses were $3,800,000 and $1,800,000, respectively.
Board members asked for clarification about invoices from a firm identified as 'Solid Ground.' Finance staff explained the firm provides geotechnical and consulting services throughout construction (soil testing, slump tests for concrete, continuous inspections) and that those services are included as a line item in the overall contract and the monthly pay application.
The board moved and approved the monthly financial report by voice vote; no roll-call tally was recorded in the transcript.
The financial presentation was informational and tied closely to the construction update earlier in the meeting; trustees asked for continued transparency on construction pay applications and vendor roles.
